121 Views

Online investing firm Betterment garners $32 mln

New York-based investing platform Betterment said Tuesday that it has received $32 million in funding. New backers Citi Ventures, Globespan Capital Partners and Northwestern Mutual Capital joined previous investors Bessemer Venture Partners, Menlo Ventures and Anthemis Group in the round.

Betterment Raises $10M From Menlo, Bessemer, Anthemis

Betterment said it raised $10 million in a Series B financing led by Menlo Ventures and joined by existing investors Bessemer Venture Partners and Anthemis Group. Since its launch in 2010, Betterment, an online investment service, has increased customer assets under management 500% a year, according to a press release.

PEHUB Community

Join the 12502 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

Psst! Got any hot tips?

  • This field is for validation purposes and should be left unchanged.

PE HUB News Briefs

RSS Feed Widget

Marketplace

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget